CCOI vs HCAT: Correlation
Cogent Communications Holdings, Inc. (CCOI) and Health Catalyst, Inc (HCAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCOI and HCAT?
Over the past 3 years, CCOI and HCAT moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1725.2 %².
In CCOI's tracked universe of 13 assets, HCAT sits right near the top at #2. The last year tells two different stories: HCAT led by 17.4 percentage points, -74.3% for CCOI against -56.9% for HCAT.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CCOI vs HCAT: side by side
| CCOI (Cogent Communications Holdings, Inc.) | HCAT (Health Catalyst, Inc) | |
|---|---|---|
| 1-year return | -74.3% | -56.9% |
| 5-year return | -83.0% | -97.0% |
| Volatility (ann.) | 63.2% | 71.7% |
| Beta vs S&P 500 | 0.57 | 1.49 |
| Max drawdown (3Y) | -88.3% | -91.6% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 10.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCOI | HCAT |
|---|---|---|
| 2022 | -17.2% | -73.2% |
| 2023 | +41.2% | -12.9% |
| 2024 | +7.2% | -23.7% |
| 2025 | -70.1% | -66.2% |
| 2026 | -55.0% | -33.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI and HCAT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCOI and HCAT?
The CCOI/HCAT correlation stands at 0.38 on a 3-year window (1 year: 0.41, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is HCAT a good diversifier for CCOI?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccoi-vs-hcat.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccoi-vs-hcat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCOI correlations · HCAT correlations
